How to Buy Lendingclub Stock
Lendingclub Corp
Lendingclub is a credit service company located in California, United States, which is part of the Financial Services sector, and is traded under the ticker LC on the NYSE exchange.
Lendingclub stock last closed at $6.13, down 2.08% from the previous day, and has decreased 46.97% in one year. It has underperformed other stocks in the Credit Services industry by 0.55 percentage points. Lendingclub stock is currently +0.33% from its 52-week low of $6.11, and -50.48% from its 52-week high of $12.38.
There are currently 108.69M shares of LC outstanding. The market cap of LC is $666.29M. In the last 24 hours, 1.35M LC shares were traded.
How to Buy Lendingclub Stock
Not sure how to invest in Lendingclub stock? Here's how.
- Choose where to buy Lendingclub stock: You need to pick a stock brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you choose where to buy Lendingclub stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit money your brokerage account: Choose your payment method and add your details.
- Analyze Lendingclub stock: The Lendingclub ticker symbol is LC. Is Lendingclub stock a good investment? Should you buy shares of LC? How do LC's underlying business fundamentals look? Do top analysts think Lendingclub is a good buy? Why has LC's stock price moved recently? (Hint: Our stock market research tools can help you evaluate if LC is a good stock to buy).
- Execute your LC trade: Decide if you will purchase LC shares at the current market price or use a limit order to purchase LC shares at a specific price.
- Track your investment in LC: Create a watchlist to keep track of your position in Lendingclub stock.
Step 1: Choose where to buy Lendingclub stock
You will need an online brokerage account to access the NYSE market and buy LC stock.
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Get $10 towards your share purchase by signing up for an account with eToro now.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've chosen your brokerage, it's time to fill out some personal information so you are able to buy LC today.
How to Set Up a New Account on eToro
- Click here to get started.
- Input your personal info to start a new trading account.
- Send your information by hitting the "Create Account" button.
Step 3: Deposit money your brokerage account
Now that you have finished signing up on the greatest app to buy stocks, your next step is to transfer the money for your investment:
Check out the tutorial below for more details depositing funds into your brokerage account.
Step 4: Analyze Lendingclub stock
After you have decided on the best place to buy Lendingclub stock, it's critical to evaluate their stock prior to buying, so you truly understand the risk and upside.
Overview of key LC info
LC Overview
WallStreetZen was created to help average investors perform better fundamental analysis in less time.
You can see all of the due diligence checks on LC's stock page.
What is the fair value of LC stock?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge LC's fair value.
Using relative valuations metrics:
- LC could be undervalued based on its P/E ratio of 7.3x, relative to Credit Services industry P/E ratio of 27.09x
- LC could be undervalued based on its P/B ratio of 0.55x, relative to Credit Services industry P/B ratio of 4.35x
- LC could be undervalued based on its PEG ratio of 0.25x
You can do additional valuation research on LC's stock here.
LC Financial Summary
Passed Financial Due Diligence Checks:
- LC earnings of $89.71M is not sufficient to cover its interest payments.
- LC's operating cash flow of $166.75M allows it to safely service it's debt of $42.51M.
Failed Financial Due Diligence Checks:
- Total LC debt is higher than 5 years ago, relative to shareholder equity.
- LC has a relatively high debt to equity ratio of 5.92.
- LC profit margin has gone down from 24.8% to 8.7% in the past year.
Is LC stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 4 Equities analysts who give recommendations on LC, the consensus analyst rating on LC is a Strong Buy
It's important to keep in mind that analyst ratings are not recommendations, nor are they financial advice.
Latest LC Analyst Forecasts
Reginald Smith, a bottom 17% analyst from JP Morgan maintains LC with a strong buy rating and raises their LC price target from $10.00 to $11.00, on Aug 22, 2023.
David Chiaverini, a bottom 9% analyst from Wedbush reiterates LC with a buy rating and maintains their LC price target from $12.00 to $12.00, on Jul 27, 2023.
John Hecht, a bottom 13% analyst from Jefferies initiates coverage on LC with a strong buy rating and announces their LC price target of $13.50, on Jun 16, 2023.
Michael Perito, a top 15% analyst from Keefe, Bruyette & Woods maintains LC with a hold rating and lowers their LC price target from $12.00 to $10.00, on Apr 6, 2023.
You can dive deeper into what analysts are saying on the Lendingclub stock forecast page.
LC Technicals
LC Revenue
Last year, LC earnings were $90.57M. During the last one years, LC's earnings have gone up by -69.34% per year. This was slower than the Credit Services industry average of 15.4%.
Last year, LC revenue was $1.05B. During the last five year, LC's revenue has gone up by 10.35% per year. This was faster than the Credit Services industry average of 9.82%.
You can analyze LC's earnings and revenue performance here.
Who is buying/selling LC?
Over the last year, executives and large shareholders at LC have sold more shares than they have bought.
Annie Armstrong, Chief Risk Officer of LC, was the latest LC insider to sell. They sold $149,584.96 worth of LC shares on Aug 25, 2023.
Learn more about who owns LC shares here.
Does LC provide a stable income stream?
No, Lendingclub doesn't provide an income stream by paying out dividends.
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Step 5: Execute your LC trade
You have two main options:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are mostly fine. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a given price, place a limit order.
Hit the Open Trade button and your broker will execute the order.
If you need more info about investing in stocks on eToro, watch the helpful video below:
Step 6: Track your investment in LC
Now that you own some LC shares, you'll want to keep up with your stock purchase.
Add LC to a watchlist to get notified of important updates regarding your LC stock.
LC Feed
How to Buy Stock in Lendingclub
To reiterate, here are the 6 steps for buying Lendingclub stock:
- Choose where to buy Lendingclub stock
- Sign up for your brokerage account
- Deposit money your brokerage account
- Analyze Lendingclub stock
- Execute your LC trade
- Track your investment in LC
If you require a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to watch your new investment in Lendingclub, get started below.
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